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Insight

Tue 21 Feb 2023
This year’s moves prompt a tweak to our tactical views. We favour short-term government bonds for income. We trim our overweight to credit after spreads tightened. We go overweight emerging market (EM) stocks, adding to our relative preference over...
Tue 21 Feb 2023
This year’s moves prompt a tweak to our tactical views. We favour short-term...
Mon 20 Feb 2023
Strength in the market has been driven by multiple expansion in sectors where...
Thu 16 Feb 2023
Yet the Bank of Japan’s ultra-loose monetary policy remains, including a cap on bond...
Tue 14 Feb 2023
It wasn’t just equities that did well as the falling bond yield lifted prices and...
Mon 13 Feb 2023
Investor sentiment is going through a sea change. Last September, markets were...
Thu 09 Feb 2023
The end of the rate hiking cycle could provide support for equity markets with the...
Wed 08 Feb 2023
Lower energy and goods prices are pulling down overall inflation. Yet tight job...
Tue 07 Feb 2023
Number of years = 72 ÷ by rate of interest/return
Wed 01 Feb 2023
We see this disconnect resolving and favouring higher rates. That’s because we think...
Wed 25 Jan 2023
This has spurred hopes of a soft economic landing, plummeting inflation and interest...
Sun 22 Jan 2023
Fixed Income investors will be glad to see the back of 2022. Surprisingly, high...
Thu 19 Jan 2023
We see the backdrop for EM assets turning more positive as EM rates peak, DM central...
Wed 18 Jan 2023
The quarter in summary: Stock markets rounded off a tumultuous year with gains in...
Sun 15 Jan 2023
The result was developed market equities which were 5% lower over the month and...
Fri 13 Jan 2023
2022 was one of the worst years in a century for a standard US 60/40 portfolio as...
Wed 11 Jan 2023
We see three shifts shaping 2023 as the new regime keeps playing out. First, we see...
Sun 18 Dec 2022
Key points
Thu 15 Dec 2022
With the world continuing to emerge from Covid-19 lockdowns, cracks in economies,...
Tue 13 Dec 2022
This regime requires a new investment playbook. It involves more frequent portfolio...
Sun 11 Dec 2022
The market was buoyed by the prospect of slowing inflation and that central bank...
Thu 08 Dec 2022
Starting with a war in Europe, 2022 was a year most investors would rather forget.
Tue 06 Dec 2022
Globalisation will not unravel but it will evolve, in our view. We see a wide...
Sun 04 Dec 2022
As we’ve said before, that’s not because companies are producing an unusually high...
Fri 02 Dec 2022
Dire returns from China’s stock market led to a disappointing performance from Asian...
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